NZ First cronyism the inevitable result of bipartisan corporate welfare
“A NZ First-linked company applying for taxpayer money from a NZ First-run fund
is the perfect example of the cronyism that inevitably accompanies corporate welfare”, says ACT Leader David Seymour.
“The only solution to the problem of government and business getting into bed together is to end corporate welfare
“ACT has always opposed handouts for business. One, it’s wasteful because politicians don’t have the information or
incentives to invest as well as people on the ground. Two, business becomes more about cosying up to politicians than it
does about being productive or innovative. Three, it is an invitation to corruption.
“National will complain about this case, but what is it going to do? Steven Joyce and Simon Bridges’ addiction to
handouts for business is part of the reason we are in this situation. For example, National bailed out Tiwai Point and
“National must categorically rule out using the public purse in future to help firms that should be standing on their
own two feet.
“If Shane Jones could invest $3 billion in taxpayer money better than those in the private sector, he wouldn’t have
spent his entire career in government. He would be doing something far more profitable.
“No one spends money as carefully as the person who earned it. Voters need to ask: Do I want to keep more of what I
earn, or do I want to give it to politicians to buy votes? ACT proposes to end corporate welfare and return the money to
taxpayers in the form of tax cuts.”